https://www.taxtmi.com/caselaws?id=110902 Compensation under the MRTP framework was confined to loss or damage arising from a monopolistic, restrictive or unfair trade practice, so a pure breach of contract and refund dispute did not by itself confer jurisdiction on the Commission under section 12B. The Court also distinguished earnest money from a security deposit, holding that earnest money, if reasonable and part of the bargain, may be forfeited on failure of the transaction. Applying the equities of the two matters, the Court upheld forfeiture in principle but moulded the final relief differently, granting tailored monetary or possession-based relief instead of sustaining the Commission's orders. en-us Fri, 24 Nov 2006 00:00:00 +0530 Mon, 21 Oct 2013 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110902 Compensation under the MRTP framework was confined to loss or damage arising from a monopolistic, restrictive or unfair trade practice, so a pure breach of contract and refund dispute did not by itself confer jurisdiction on the Commission under section 12B. The Court also distinguished earnest money from a security deposit, holding that earnest money, if reasonable and part of the bargain, may be forfeited on failure of the transaction. Applying the equities of the two matters, the Court upheld forfeiture in principle but moulded the final relief differently, granting tailored monetary or possession-based relief instead of sustaining the Commission's orders. Case-Laws Companies Law Fri, 24 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110902